secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2025-06-17T23:59:59+00:00
Accession:  0001104659-25-060320
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Coronado enters new US$150M ABL facility with 15% interest, Oaktree affiliate as lender
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- New senior secured ABL facility of up to US$150M, with Highland Park XII Pte. Ltd. (Oaktree affiliate) as lender.
- Borrowings bear interest at 15% p.a.; undrawn amounts incur 9% commitment fee during first year.
- Facility matures 3 years after closing; conditions precedent must be satisfied within 30 days.
- Proceeds to fund working capital and general corporate purposes; replaces existing facility with HSBC and DBS Bank.
- Contains quarterly leverage and interest coverage ratio covenants, plus customary events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925060320/0001104659-25-060320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925060320/tm2518074d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-060320

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